Business quote of the day: "Companies would get round it"

KPMG has little time for the Chancellor's plans to clamp down on tax avoidance.

This would just replace one set of complicated rules with another and companies would get round it.

Chris Morgan, head of tax policy at Big Four accountancy firm KPMG, casts doubt on plans from the chancellor to make the tax system more transparent and close a tax loophole known as “unitary” taxation. The move follows G20 finance ministers pledging to crack down on tax avoidance by multinational companies.

Osborne. Photograph: Getty Images

Helen Roxburgh is the online editor of Economia

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The NS Podcast #112: Going Underground

Are women-only carriages the way forward?

This week, we explain why we're backing Tessa Jowell as Labour's candidate for London mayor, talk women-only carriages on the tube, and speak to Tom Shone about Woody Allen. (Caroline Crampton, Barbara Speed, John Elledge, Stephen Bush, George Eaton).

You can subscribe to the podcast through iTunes here or with this RSS feed: https://audioboo.fm/channels/1814670.rss, or listen using the player below.

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